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Trend Trading All Pairs

  • #9,941
  • Jan 4, 2011 6:17am Jan 4, 2011 6:17am
so far I have not made a single trade.
  • #9,942
  • Jan 4, 2011 6:20am Jan 4, 2011 6:20am
Damn, gbp/jpy still wants to go higher, kind of throwback to old times.
  • #9,943
  • Jan 4, 2011 7:26am Jan 4, 2011 7:26am
The more I am researching methods, the more I am realizing that trading is not at all about skill level, it's much more about execution, execution & execution.

At least from my perspective. In the years I've traded, I always thought that it's about skill, but that is really just an excuse for not having researched market behavior properly before.

Never gonna go back to trying to outsmart the market
  • #9,944
  • Jan 4, 2011 7:53am Jan 4, 2011 7:53am
Quoting mayorowo
Update on this pair;runing above 190 pips now......

Update on EURAUR

Thanks
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  • #9,945
  • Jan 4, 2011 8:16am Jan 4, 2011 8:16am
Quoting mayorowo
Update on EURAUR

Thanks
nice trade mayorowo!
  • #9,946
  • Jan 4, 2011 8:28am Jan 4, 2011 8:28am
Quoting redsword11
Attachment

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Click to Enlarge Name: sp.jpg Size: 49 KB




out
  • #9,947
  • Jan 4, 2011 8:40am Jan 4, 2011 8:40am
Quoting Custos
nice trade mayorowo!
Thanks Custos
  • #9,948
  • Jan 4, 2011 9:10am Jan 4, 2011 9:10am
Quoting mayorowo
Thanks Custos

hmm.. Checkout this setup, it looks good with a divergence.


What’s your opinion

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4hr.gif Size: 23 KB
  • #9,949
  • Jan 4, 2011 9:56am Jan 4, 2011 9:56am
Quoting mayorowo
hmm.. Checkout this setup, it looks good with a divergence.


What’s your opinion

Thanks
yeah, also looks good to me.
  • #9,950
  • Jan 5, 2011 3:52am Jan 5, 2011 3:52am
Quoting Custos
The more I am researching methods, the more I am realizing that trading is not at all about skill level, it's much more about execution, execution & execution.

At least from my perspective. In the years I've traded, I always thought that it's about skill, but that is really just an excuse for not having researched market behavior properly before.

Never gonna go back to trying to outsmart the market

yeah, execution is very important. execute trade on retracement to fib ret and s/r level and not on break out. at least it is for me. gotta work on this. I am too aggressive with my entries quite often James 16 says better to wait for ret even if some trades can be missed.
  • #9,951
  • Jan 5, 2011 4:05am Jan 5, 2011 4:05am
Quoting shiko
yeah, execution is very important. execute trade on retracement to fib ret and s/r level and not on break out. at least it is for me. gotta work on this. I am too aggressive with my entries quite often James 16 says better to wait for ret even if some trades can be missed.

I totally agree with not to trade break out, only trade s/r and fib and confluences.
Most break out takes back my profit.

Thanks
  • #9,952
  • Jan 5, 2011 4:52am Jan 5, 2011 4:52am
Quoting mayorowo
I totally agree with not to trade break out, only trade s/r and fib and confluences.
Most break out takes back my profit.

Thanks
Interesting point of view, since hector's and james16 methods are actually about trading breakouts.

hector's method: BREAKOUT-pullback-continuation

and james16: BREAKOUT of a pinbar or another bar pattern.

Seems you guys are entering all brv style, right at a level without a breakout of a confirmation pattern?
  • #9,953
  • Jan 5, 2011 6:12am Jan 5, 2011 6:12am
Quoting Custos
Interesting point of view, since hector's and james16 methods are actually about trading breakouts.

hector's method: BREAKOUT-pullback-continuation

and james16: BREAKOUT of a pinbar or another bar pattern.

Seems you guys are entering all brv style, right at a level without a breakout of a confirmation pattern?
Custos, read James16 carefully. he says wait for retracement after break out...
he uses word RET for retracement. NM is slightly different but with James16 stop without retracemnt would be huge in many cases.
  • #9,954
  • Jan 5, 2011 7:10am Jan 5, 2011 7:10am
Quoting shiko
Custos, read James16 carefully. he says wait for retracement after break out...
he uses word RET for retracement. NM is slightly different but with James16 stop without retracemnt would be huge in many cases.
I don't know, can't seem to find those posts about the ret. But I found the main pin bar introduction in which it says that you enter on the break of the pinbar.
http://www.forexfactory.com/showpost...ostcount=23250
Look at the lowest part of this post, you will find the attachments.

Also if you look on his personal website and watch some videos he actually defends the high win/loss and inverted R:R ratio concept implying that he still trades on breaks of pinbars with stop on the other side.

At least that's what I found out when I looked at it a couple of months ago.
  • #9,955
  • Jan 5, 2011 7:11am Jan 5, 2011 7:11am
Quoting shiko
Custos, read James16 carefully. he says wait for retracement after break out...
he uses word RET for retracement. NM is slightly different but with James16 stop without retracemnt would be huge in many cases.
anyways, my point was actually, that breakouts can also be profitable.
  • #9,956
  • Jan 5, 2011 8:31am Jan 5, 2011 8:31am
Quoting mayorowo
hmm.. Checkout this setup, it looks good with a divergence.


What’s your opinion

Thanks
This setup really went well,I wonder why i left it.....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 4hr.gif Size: 23 KB
  • #9,957
  • Jan 5, 2011 8:33am Jan 5, 2011 8:33am
Quoting mayorowo
This setup really went well,I wonder why i left it.....
hehe, you are right. But there will be more setups along the way, so just wait and watch out for the next one!
  • #9,958
  • Jan 5, 2011 8:39am Jan 5, 2011 8:39am
Quoting Custos
hehe, you are right. But there will be more setups along the way, so just wait and watch out for the next one!
Yeaaah....You are right Custos,More to watch out for....


Thanks
  • #9,959
  • Jan 5, 2011 11:23am Jan 5, 2011 11:23am
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crude
  • #9,960
  • Jan 5, 2011 12:00pm Jan 5, 2011 12:00pm
This is a setup,i just entered....I think it shld go well....

What do think guys?
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